NEOcryptocurrency which powers the smart-contract-based Neo blockchain, has seen a sharp rise in 2023. This rise doesn’t seem to be stopping yet. The last time the NEO/USD pair moved this much above $9.0 per token, it was up around 47% year-to-date. However, the cryptocurrency is now down more than 10% from its Thursday highs around $10.40.
NEO’s gains really spiked roughly last month, when the cryptocurrency broke above the downtrend that had been ongoing since March 2022. In early February, NEO then broke above all of its major moving averages, including, most importantly, its 200-day moving average. For the past few weeks, the 21-day moving average has served as a strong support zone and NEO now appears to be in an aggressive uptrend that dates back to the end of 2022.
If the current uptrend continues, NEO may soon test the long-term support/resistance located in the $12.50 – $13.50 area. On the other hand, if the current uptrend were to break, the NEO token would find strong support in the $8.0 area, from the 21 and 200 moving averages, as well as a resistance area that would turn into support. .
NEO rallied alongside the general rise in cryptocurrencies which has been going on since the beginning of the year. Indeed, traders are betting that 2023 will be a better year, as there are signs that:
- 1) Major cryptocurrencies like bitcoin may have bottomed out.
- 2) La US Federal Reserve significantly slow the pace of interest rate increases.
The return of risk-seeking has disproportionately benefited altcoins like NEO and if the recovery continues, NEO could easily make 40% profits from current levels.
But in a bullish cryptocurrency market, investors might be able to reap even more impressive profits of up to 10 times the current value if they invest in the right cryptocurrency pre-sales. Here is a list of cryptocurrency pre-sales reviewed by the Cryptonews.com team.
Meta Masters Guild (MEMAG): Soon the end of the 6th stage of its presale
Meta Masters Guild is a Web3 mobile game ecosystem in full swing which develops a multitude of fun and addictive games. The games will use non-fungible tokens (NFTs), allowing community members to earn rewards, as well as stake and trade. The platform hopes to host dozens of viral games in the future. Its first game, Meta Karts Racers, will be launched later this year.
Meta Masters Guild is currently in the sixth stage of its MEMAG token presale. At the moment, this presale is already one of the most exciting of 2023. In just a few weeks, the cryptocurrency startup has already managed to raise nearly $3.9 million through MEMAG sales. Investors can also win $100,000 in MEMAG tokens.
Fight Out (FGHT): presale still in progress
The young branch of move-to-earn cryptocurrencies” is very promising, but early successes like STEPN have had significant limitations that have so far prevented them from winning over the general public. Fight Out, which presents itself as the future of the move-to-earn sector, wants to change this situation in 2023.
Fight Out is a brand new web3 fitness app and a gym chain that rewards users for working out. It also allows them to take on challenges and participate in competitions in a unique fitness metaverse.
While existing M2E apps, such as STEPN, only track steps and require the purchase of expensive non-fungible tokens (NFTs) to participate, Fight Out takes a more holistic approach. Indeed, it tracks and rewards its users for their exercise and activity, and does not require any expensive investment to participate.
Fight Out is currently pre-selling the FGHT token which will power its web3 ecosystem and has already raised a whopping $4 million. In April, the token is expected to be listed on centralized exchanges at $0.033 per token.
Investors better act fast because if they get tokens now, they could make gains of nearly 60% when the cryptocurrency token will be listed on the platforms at the beginning of the second quarter. The payouts could be even higher if investors use Fight Out’s generous bonus system.
C+Charge (CCHG): the pre-sale enters phase 2
C+Load is currently setting up a peer-to-peer payment system (P2P) based on the blockchain for electric vehicle charging stations, which will allow electric vehicle (EV) drivers to earn carbon credits.
C+Charge aims to strengthen the role of carbon credits as a leading incentive for EV adoption. Right now, big EV makers, like Tesla, are making millions selling carbon credits to polluters.
C+Charge wants to democratize the carbon credit market allowing more of these rewards to end up in the hands of EV owners rather than just big companies. C+Charge has just launched the presale of the CCHG token that its platform will use to pay for EV charging stations. CCHG tokens are currently selling at $0.0145 each, but before the presale ends, that price will increase by 70%.
Investors willing to participate in a promising eco-friendly cryptocurrency project should act quickly. The project has already raised over $880,000 and presale has already entered its second phase. Investors should note that the remaining tokens could be quickly scooped up. Indeed, a cryptocurrency whale recently grabbed more than 1$00,000 from CCHG in a single transaction, as can be verified on BscScan.